As the East Coast continues to struggle with rampant floods caused by Hurricane Irene and Tropical Storm Lee, there may be hope on the horizon for many without flood insurance. The Senate Banking Committee has voted to overhaul the National Flood Insurance Program (NFIP) instead of letting the program cease at the end of the month. The panel’s vote supports an overarching legislation that would ensure that the federal insurance program would continue to run for another five years, a bill that had already been passed but was whose execution…
Read MoreTag: flood insurance reform
SmarterSafer.org urges Senate to immediately act on NFIP reform after House passes reauthorization on an overwhelming bipartisan vote
(Washington, DC) ‒ SmarterSafer.org today urged the United States Senate to immediately act on National Flood Insurance Program (NFIP) reform without weakening the legislation’s effectiveness. The House of Representatives passed legislation to reauthorize the program until Sept. 30, 2016 on an overwhelming bipartisan vote of 406-22. The coalition said the overwhelming bipartisan vote in the House was an important and welcome first step toward bringing needed financial stability to the NFIP, but urged the Senate to pass an improved final extension that includes long-term reforms to ensure the program’s future…
Read MoreA spring cleaning of America’s flood insurance program
With spring now insight, it’s time to prepare for nasty weather. Depending on what part of the nation you live in, that could mean tornados and hail, or spring rains and flooding. This is a good time to examine your homeowner’s policy for any needed updates that may need to be made. Last year we had amazing weather activity. In the United States, we saw abundant rainfall; with many states receiving record amounts and other states getting well over normal. Snow and bitter cold temperatures set seasonal records, and numerous…
Read More
